February 15, 2023

South32 half-year profit falls on easing commodity prices

Underlying earnings for the six months ended Dec. 31 was $560 million, compared with $1 billion in the previous corresponding period.

February 15, 2023

China thermal coal hits one-year low on slow industrial recovery

The drop below key levels reflects bearish sentiment as China’s economic recovery hasn’t been as strong as expected.

February 15, 2023

Glencore hands $7.1 billion to shareholders after record profit

High oil and coal prices helped the company to post a record annual profit.

February 13, 2023

Asset managers touting ESG enjoy a turbo-charged coal boom

Thungela Resources CEO is promising to ratchet up production through the end of the next decade at least.

February 13, 2023

China’s top coal supplier switches to more costly auctions

Mongolia is changing the way it sells its product in a bid to improve transparency and reap better returns from its top export earner.

February 13, 2023

Commodities risk lurking in ESG funds now too big to ignore

Analysts estimate that the path to net zero may require digging up 5.2 billion metric tons of metals through 2050, which may be worth as much as $10 trillion.

February 12, 2023

Billionaire drops Australia coal mine appeal in blow for sector

Clive Palmer’s Waratah Coal has withdrawn an appeal to open what would have been the country’s biggest mine.

February 10, 2023

Teck fined over $11 million for failing to build water treatment facility in British Columbia

The Ministry of Environment and Climate Change Strategy ordered Teck Coal to construct and operate facilities by December 2018.

February 9, 2023

Botswana warns of dangers in dash for African minerals

Botswana is reviewing its mines and minerals legislation to "tighten up" laws on mine rehabilitation.

February 8, 2023

First Australian coal cargoes arrive in China, await customs clearance

At least two vessels carrying Australian coal have arrived in China for the first time since an unofficial ban on imports was introduced more than two years ago